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International Equity

Our philosophy and process

As bottom-up investors in global markets, we are highly selective about the companies in which we invest. We are patient and long-term focused. Under our intrinsic value investment philosophy, we:

Treat every investment as a partial ownership interest in that company

Seek to invest at a discount to intrinsic value

Possess a long-term investment temperament

Recognize that market price and intrinsic value tend to converge over a reasonable period of time

Our process leads us to identify higher-quality businesses where we can confidently predict cash flows over longer periods of time. We prefer companies with strong balance sheets that are led by management teams with a history of making smart capital allocation decisions.

As valuation-disciplined investors, we must have the psychological fortitude to buy when everyone else is selling. In uncertain times, we want to be able to invest in new opportunities or add to existing holdings. Therefore, it is critical that we deeply understand a business’s long-term intrinsic value. Doing so gives us the confidence to invest when markets are unfairly valuing individual businesses.

Learn more about our philosophy and process

International equity strategies

Strategy team discussion

Investment team highlights

  • All team members conduct deep fundamental analysis in the search for the most attractive opportunities overseas.
  • Several team members bring unique perspectives from being born and raised, educated or having spent time living in countries outside the US.
  • All team members operate as generalists due to the vast nature of the opportunity set, though each team member brings distinct areas of expertise.
  • The team interacts informally daily and more formally on a weekly basis to ensure efficient decision making and to avoid silos of information.
  • The team's structure provides flexibility to capitalize on opportunities wherever they exist, especially in some of the more esoteric industries globally that are not well covered by Wall Street analysts.

Sustainability in our investment approach

Having a long-term investment orientation requires a deep understanding of sustainability — in business models, management teams and operating practices.

Our fundamental equity research process includes evaluation of all material risks and opportunities that could impact the value of an investment over the long term, including issues related to sustainability and ESG risk factors.

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DIAMOND HILL® CAPITAL MANAGEMENT, INC. | DIAMOND-HILL.COM | 855.255.8955 | 325 JOHN H. MCCONNELL BLVD | SUITE 200 | COLUMBUS, OHIO 43215
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